Sodalis Capital, a newly formed insurance investment platform, has officially commenced operations, positioning itself to pursue acquisitions within the international insurance intermediary sector through a targeted buy and build strategy.
The London-based venture was founded and is led by Colin Thompson (pictured above), formerly of Kentro Capital (formerly Nexus Underwriting), and has secured financial backing from established industry investors including Alliant and BP Marsh.
The launch brings together a board comprising individuals with extensive experience in insurance investments and operations. Sean McConlogue, president of Alliant Underwriting Solutions and Consumer Solutions, and Bill Mecklenburg, executive vice president of Alliant Underwriting Solutions, represent Alliant's involvement in the initiative.
Daniel Topping, chief investment officer of BP Marsh & Partners PLC, and Ian Whistondale, who co-founded Nexus Underwriting with Thompson in 2008, complete the core board membership.
The venture represents part of a broader trend gaining momentum within the insurance sector. Private equity and hedge funds have increasingly directed substantial capital into specialised insurance platforms, with insurance-linked security funds returning approximately 13.1% in 2024 and continuing to demonstrate positive returns year-to-date 2025.
Sodalis says that it aims to focus predominantly on acquiring managing general agent platforms alongside related operational structures. The initiative brings together "seasoned insurance intermediary investors and practitioners who share a vision for long-term, sustainable growth, Thompson said.
Beyond the named board members, additional investors from the insurance intermediary sector have committed capital to the venture, each having invested alongside Thompson in previous endeavours.
Recent transactions have underscored the substantial scale at which major acquisitions are occurring across the insurance sector, with Arthur J. Gallagher completing its US$13.45 billion acquisition of AssuredPartners in August 2025, one of the largest insurance brokerage deals in recent history.
Similarly, Acrisure secured major capital backing earlier in 2025 to advance its fintech strategy, demonstrating the investment appetite for platforms combining traditional intermediary operations with technology capabilities.
